As aviation costs rise, IndiGo goes slow 'sale-and-lease-back' model
The cash-flush IndiGo, country’s largest airline in terms of market share, has begun going easy on ‘sale-and-lease-back’ model with its cost of aircraft ownership heading North. In the last fiscal, the low-cost carrier (LCC) acquired six ATR aircraft out of its free cash, which it believes will help in bringing down the operating cost.
The cash-flush IndiGo, country’s largest airline in terms of market share, has begun going easy on ‘sale-and-lease-back’ model. Image source: Official website